USD/CAD Outlook: Bullish WTI Supporting Loonie

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>Oil prices increased due to persistent concerns over Middle Eastern supply disruptions. There is uncertainty over the start of Fed rate cuts. Economists anticipate a job gain of 13,500 in Canada. There has been a bearish shift in the USD/CAD outlook, mainly spurred by incidents at a Libyan field and escalating tensions in the Israel-Gaza…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/04/usd-cad-outlook-bullish-wti-supporting-loonie/">USD/CAD Outlook: Bullish WTI Supporting Loonie</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>